Write-Offs: 05.26.09

Author:
Updated:
Original:

$$$ Scenes From the Hiring Front: 'I'll Work for Free' [Cityfile]
$$$ Lazard Predicts Close Call in Target-Ackman Battle [Dealbook]
$$$ From (Morgan Stanley) banker to yogi by way of skinny boyfriend [SC]
$$$ "Secured bank lenders to General Motors would get a full recovery on $6 billion in loans made to the auto maker, under the bankruptcy plan being finalized this week by the U.S. Treasury.
The Treasury plans to inject a fresh $50 billion in various financings to back a GM workout, most of which would take the form of company equity.
The hope is that a reorganized GM would have only about $10 billion to $12 billion in debt once it emerges from bankruptcy." [WSJ]

Related